printout Land: Kagoshima, Kagoshima

Asset type
Land
Yield
-
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 8,010,000yen You could bid above 6,408,000yen
Bid period ended

Results

Court classification Land Sale price 11,501,000yen
Bid opening Sale Number of bidders 6
Winner qualification Individual

Location

Location Kagoshima, Kagoshima
Traffic access on report(japanese) JR鹿児島本線「鹿児島中央駅」 南東方 約1.6km(直線距離) 「甲突町」バス停 南方 約190m(直線距離)
Reference(japanese) 鹿児島市電1系統 武之橋駅 東方 0.44km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 99.60m2 Actual area -
Zoning Semi-commercial Usage -
Building to land ratio 80% Floor area ratio 300%

Numerical data

Cap rate - Area 99㎡
Gross yield - Base bid price 8,010,000yen
Lease demand 14 / 25pt Minimum bid price 6,408,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 1,602,000yen

Court data

Case number 2023(M)80 Announced 2024/03/19
Court Kagoshima District Court (Main) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/04/10 ~ 2024/04/17
Farm land - Result 2024/04/24
Sale decision 2024/05/15 Special sale -

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Points to note

Property price for assets not on court auctions does not include miscellaneous purchase expenses of about 7.5%.

Thus buying the asset at 8010000yen in court auction is the same as buying the asset out of court auction at 7450000yen(excluding misc. expenses).

In foreclosed properties, expenses for purchasing differ from ordniary purchase. Generally, however, it takes about 30%, depending on location and asset, in intermediary margins. Court auction is the sole market in which general public can eliminiate this margin.

For the same money, one can acquire better quality in foreclosed properties: auction concierges of 981.jp provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

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Others 0,000yen
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Projected yield %